Steak ‘N Shake Embraces Bitcoin: A Milestone in Mainstream Crypto Adoption
In a significant move for cryptocurrency adoption, Steak ‘N Shake, the renowned American fast-food chain, has announced it will accept Bitcoin payments nationwide starting May 16, 2025. This development highlights the growing acceptance of Bitcoin in everyday transactions and marks a pivotal moment for the digital asset’s integration into mainstream commerce.
Steak ‘N Shake to Accept Bitcoin Payments Nationwide Starting May 16
Steak ‘N Shake, the American fast-food chain, will begin accepting Bitcoin payments across all its locations from May 16. The move marks a significant step in mainstream cryptocurrency adoption, offering over 100 million customers the option to pay for meals using BTC.
The company had been signaling its intent to integrate bitcoin payments since March. A recent social media post confirmed the rollout, stating: "Steak ‘N Shake accepting Bitcoin payments at all locations starting May 16, making the cryptocurrency available to our more than 100 million customers."
The announcement concluded with a cryptic note, suggesting potential expansion into additional cryptocurrencies beyond Bitcoin. This development aligns with growing retail acceptance of digital assets as payment methods.
Rumble Set to Challenge Coinbase with New Crypto Wallet
Rumble, under its pro-crypto CEO, is making a strategic leap into digital asset management with the planned Q3 launch of its "Rumble Wallet." Developed in collaboration with Tether, the wallet will support Bitcoin and stablecoins, positioning itself as a direct competitor to Coinbase Wallet.
The initiative underscores Rumble’s commitment to simplicity, security, and financial sovereignty—a calculated MOVE to capture market share from established players. By leveraging Tether’s infrastructure, the company aims to offer a frictionless alternative for retail and institutional users alike.
Hut 8 Posts Steep Q1 Loss as Bitcoin Halving Impact Lingers
Hut 8 Corp. swung to a $134.3 million net loss in Q1, a dramatic reversal from its $250.7 million profit during the same period last year. Revenue plummeted 58% year-over-year to $21.8 million as the Bitcoin mining firm grapples with the delayed financial impact of April 2023’s halving event.
CEO Asher Genoot attributes the downturn to reduced mining rewards and capital-intensive equipment upgrades. The halving’s effect on miner profitability has intensified amid rising operational costs and compressed margins across the industry.
Bitcoin Surge Triggers $900M Liquidation as Crypto Market Reaches $3.3 Trillion
Bitcoin’s dramatic ascent past $103,000 has unleashed a wave of liquidations exceeding $900 million within 24 hours, marking a 200% spike from the previous day. Short positions on BTC alone accounted for $321 million of the forced exits as Leveraged bets flooded the market, pushing aggregate open interest up 5% to $133 billion.
The rally coincides with surging risk appetite across global markets, propelling the total crypto market capitalization to $3.3 trillion - its highest level since March. Trading activity during Asian hours saw BTC peak at $103,460, while the sector-wide RSI reading of 70 flashed overbought signals.
Bitcoin Solaris Shifts Focus from Price to Accessibility in Mining
Bitcoin’s price dominance in headlines is waning as projects like Bitcoin Solaris redefine value through accessibility. The initiative transforms mining into a smartphone-friendly activity, challenging the traditional barriers of high-cost hardware and technical complexity.
While institutional traders still prioritize BTC price movements, mainstream adoption hinges on usability. Bitcoin Solaris’ browser-based mining solution marks a pivotal step toward democratizing participation in crypto’s infrastructure layer.
